Dear PGM Capital’s Blog reader, The yield of the US 10-year Treasury has declined below 2% on several recent trading days, in the week of June 24, to close on Friday, June 28, at 2 percent as can be seen from below 5-day chart. INTRODUCTION: A United States Treasury security is a government debt instrument issued by the United States[…]
Dear PGM Capital’s Blog reader, Gold prices have rissen sharply this week surpassing the key US$1,400 an ounce level, on Thursday, June 20, on dovish signals from major central banks and rising tensions in the Middle East. INTRODUCTION: ECB: On Tuesday, June 18, when ECB president Mario Draghi held a conference in Sintra, Portugal, he[…]
Dear PGM Capital’s Blog reader, On Friday, June 9, the USA labor department reported that, surprisingly for the month of May, just 75,000 jobs were created in the country, which shows that the resilient job market is now being hit by the same weakness cropping up in other parts of the economy. Based on this,[…]
Dear PGM Capital’s Blog reader, On Thursday, May 30, Bank of America – Merrill Lynch downgraded Teva Pharmaceutical (NYSE: TEVA) to underperform from Buy, and putting a price target on the stock to US$9 from US$19, causing yet another sell-off. Based on this downgrade, the stock price of company lost approx. 21% of its value[…]
Dear PGM Capital’s Blog reader, Russia once again added to its growing gold reserves in April, buying another 15.55 tons (metric ton) of the yellow metal, bringing its total gold reserves to 2,183.46 tons. As the world’s fifth largest national holder of gold, this puts it within spitting distance of the World’s No.s 3 and[…]
Dear PGM Blog reader, In this weekend’s blog article, we want to take the opportunity to discuss with you why Investing in Li-Fi technology, can be lucrative for value investors. INTRODUCTION: Li-Fi is wireless communication technology, which utilizes light to transmit data and position between devices. In technical terms, Li-Fi is a visible light communications[…]